Am I better off purchasing a brand new piano instead of paying thousands of dollars to have my old one rebuilt?

It depends on the quality and value of the older piano and how much it would cost to rebuild it. The complete rebuilding of a grand piano can cost from $15,000 to $40,000 (sometimes even more). Obviously, this is only worth doing to a piano of the highest quality, such as a Steinway, Mason & Hamlin, or some of the top European makes. For lesser pianos, however, sometimes partial rebuilding or reconditioning at a much lower cost can make sense. This is something that must be determined on a case-by-case basis through consultation with piano technicians and rebuilders. Note that if your piano is a cheap one that has serious problems, in most cases you would clearly be better off buying a new one. Please read more about piano restoration in “Buying a Used or Rebuilt Piano,” in the article “Should I Have My Piano Rebuilt?,” or in The Piano Book, by Larry Fine.

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